Surge in Packaging and Digital Printing Industries to Reflect Positively on Global Printing Inks Market

Of late, the packaging industry has been observing a tremendous upswing, which is leading to a significant rise in the global printing inks market. The surge in the digital printing industry is also reflecting greatly on the growth of the printing inks market across the world, with the rising demand for UV-cured inks from a number of printing processes.

As per Transparency Market Research (TMR), the worldwide market for printing inks, which stood at a volume of 4,180.2 kilo ton in 2016, is expected to report a significantly high growth over the forthcoming years and increase to 4,989.7 kilo ton by the end of 2020. In terms of revenue, the market is anticipated to register a CAGR of 5.0% during the period from 2014 to 2020, reaching US$20.17 bn by the end of the forecast period.

Analysts at TMR answer important queries about the global printing inks market in this blog post:

What is the most valued product in the global printing inks market?

Water-based inks, solvent-based inks, and oil-based inks are the main products available in the global market for printing inks. Among these, the demand for oil-based and solvent-based printing inks is relatively higher than their water-based counterpart, thanks to their extensive usage and compatibility with the existing technological framework. However, over the forthcoming years, both the segments are expected to witness a fall in demand, owing to the rising awareness about their adverse impact on the environment.

This, as a result, is anticipated to create lucrative opportunity for water-based printing inks in the years to come. The water-based printing inks segment is, thus, expected to display a steady rise in the global market over the next few years, aided by the increasing research activities for the formulation of advanced water-based inks for making it suitable for a myriad of purposes.

Which regional market will lead the global market for printing inks?

In terms of the geography, the global printing ink market is classified into Asia Pacific, Europe, North America, and the Rest of the World. Of these, North America has emerged as the leading contributor to the global market, thanks to the presence of an established commercial printing and flexible packaging industry. In addition to this, the augmenting demand for international shipping among North American companies is expected to surface as an important growth driver for the market of printing inks in this region over the forthcoming years. The continual rise in the ecommerce sector in North America is also projected to boost the North America market for printing inks in the near future. 

What are the key strategies taken up by leading players for the progress of their businesses?

The key players in the global market for printing inks, such as TOYO Ink, Sakata INX, Wikoff Color, and Sun Chemical, are aggressively focusing on expanding their businesses across emerging economies, especially in the Asia Pacific region. For this, they are increasingly engaging into strategic mergers, acquisitions, and partnerships. They are also projected to increase their focus on innovation and technological advancements of products in the years to come.


Post a Comment

Note: only a member of this blog may post a comment.

Latest Post

Market Research Reports